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This 5.5%-Yielding Dividend Stock's Smart Strategy Continues to Drive Growth
Vici Properties (NYSE: VICI) has grown faster than its peers over the years. The real estate investment trust (REIT) has raised its dividend payment at a 7% compound annual rate since its formation more than seven years ago. That's well above the 2% average annual growth rate of other REITs focused on investing in triple net (NNN) real estate. Its focus on establishing strategic partnerships is a key factor driving its ability to deliver above-average growth. That smart strategy continues to provide the REIT with new opportunities to expand its portfolio, which allows it to increase its cash flow and dividend.Vici Properties focuses on investing in experiential real estate like gaming, hospitality, wellness, entertainment, and leisure destinations. Unlike many real estate investors, Vici Properties sees itself as less of a landlord and more of a partner to companies that need capital to expand their businesses. The company takes "pride in our ability to build deep relationships with dynamic growth-minded operators that will help to contribute to our long-term growth goals and objectives," commented CEO Edward Pitoniak in the first-quarter earnings press release. Continue reading
Vici Properties (NYSE: VICI) has grown faster than its peers over the years. The real estate investment trust (REIT) has raised its dividend payment at a 7% compound annual rate since its formation more than seven years ago. That's well above the 2% average annual growth rate of other REITs focused on investing in triple net (NNN) real estate.
Its focus on establishing strategic partnerships is a key factor driving its ability to deliver above-average growth. That smart strategy continues to provide the REIT with new opportunities to expand its portfolio, which allows it to increase its cash flow and dividend.
Vici Properties focuses on investing in experiential real estate like gaming, hospitality, wellness, entertainment, and leisure destinations. Unlike many real estate investors, Vici Properties sees itself as less of a landlord and more of a partner to companies that need capital to expand their businesses. The company takes "pride in our ability to build deep relationships with dynamic growth-minded operators that will help to contribute to our long-term growth goals and objectives," commented CEO Edward Pitoniak in the first-quarter earnings press release.
